Question
I sell a vehicle on credit for R100,000 to be paid over twelve months. A condition of the sale is that if the buyer settles the debt before twelve months, there will be a discount of R10,000. Is this sale permissible?
Answer
The condition of the discount is not permissible. The sale becomes faasid (corrupt). If the buyer pays earlier, you may give him a discount at your will, but he will have no right to claim any discount nor may this be stipulated in the transaction.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 21 No 06
- PDF page
- 3
Appears under Questions and Answers (approximate).